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189 Bacchus Marsh Road, Corio VIC 3214

$630,000 - $670,000

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$630k - $662k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 663 m² 117 m²

Listed: yesterday

Overview

Situated on a generous corner allotment of approximately 663 square meters, this brick veneer residence represents a valuable option for first home buyers, investors, and developers. The property currently features three bedrooms along with a single bathroom, providing a comfortable living environment supported by the convenience of split system heating and cooling, enhancing year-round comfort.

The home is currently tenanted, offering immediate rental income for investors while preserving flexibility for future owner-occupiers. Its notable corner positioning not only ensures ample outdoor space but also presents subdivision or further development possibilities, subject to council approval, appealing to those with longer-term investment or development ambitions.

Conveniently located in Corio, the property benefits from proximity to local amenities such as shops, schools, and public transport options, alongside easy access to the Geelong Ring Road, facilitating efficient travel and connectivity. This practical location, combined with the property's features and development potential, makes it a multifaceted opportunity in a sought-after area.

This property is well-suited for buyers seeking entry-level housing with added investment or development opportunities, or investors looking for immediate rental returns with future upside potential. It delivers a blend of functional living and strategic location advantages without compromise.

Local Market Insights

In Corio, Quiet Listings observed 46 new houses entering the market over the last 30 days, up from 36 during the previous 30-day period, with an average advertised asking price of $568,022. The property type mix of listed properties is predominantly Houses at 84%, followed by units (5%), and commercial properties (5%). The most active agency for houses in the Corio area is currently Area Specialist, representing 28% of new listings, followed by Harcourts with 22%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.